An analysis of Chambal Fertilizers using Elliott Waves, we can observe an interesting progression in the stock's price movements on a weekly cycle. The chart has completed the initial waves I through IV, and it is currently unfolding wave V, signaling a strong potential for a bullish trend ahead. Let's delve deeper into the details of this wave analysis. Weekly...
Considering that the index has crossed the support range, it is expected that the continuation of the downward trend will be formed until the specified support levels. In this case, a medium-term downward trend will probably be formed
According to the behavior of the price in the current resistance range, possible scenarios have been identified. A downward trend is expected. If the price crosses the resistance range, the upward trend can advance up to the previous ceiling range or beyond it.
Given that the price has crossed the 78.6% level, the recent bearish wave is expected to be part of a correction. It is expected that a trend change will be formed in the current support range and we will see the beginning of the upward trend. By crossing the support range, the above scenarios will become invalid
It is expected that the price will be formed in the current resistance range of the trend change and we will see the beginning of the correction process. By crossing the resistance range and the resistance trend line, the continuation of the upward trend is likely. If the price crosses the support range, it will be possible to start a downward trend
According to the structure of the corrective pattern, it is expected that the price will cross the resistance range and advance to the specified Fibonacci levels. If the price is not able to stabilize above the resistance range, a downward trend is expected to form until the support trend line.
If the price fluctuates below the current resistance range, it is expected that the continuation of the downward trend will be created by breaking the support range. If it stabilizes above the resistance range, the above scenario will be invalid
It is expected that the upward trend will change the trend in the current resistance range and the beginning of the corrective trend will be formed. Then, within the range of support levels, the uptrend is expected to
It is expected that after some fluctuation in the current support range, the beginning of the upward trend will be formed. By passing through the resistance range, it can advance to the resistance trend line
It is expected that the upward trend will end in the current resistance range and we will see the beginning of the corrective trend. If the price crosses the resistance range, it will be possible to continue the upward trend up to the specified resistance levels
near has a bearish structure. Price is constantly respecting supplies and creating lower Ls. If the price returns to the red range, we will look for sell/short positions in this range. Note that the green range is a strong support range! Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop...
From the specified supply in the previous analysis, there was a good drop. The white line corresponds to the price movement in the previous analysis and the gray line corresponds to the movement of this analysis We have updated the support range. Now the price is near an important support area. By maintaining the green range, it can move towards the TPs. When...
TIA seems to have completed a large bullish pattern and is now forming a larger (bearish) pattern. It seems that we are in wave B of the new pattern. Wave B of the new pattern looks like a triangle. If the price returns to the red area, we can enter a sell/short position. Closing a daily candle above the invalidation level will violate the analysis For risk...
It seems to be at the end of the F wave. It is now in the B wave diametric. A long shadow resistance range has been created, which we marked with LSH. By maintaining the red range, it can drop towards the targets. The targets are marked on the chart Closing a daily candle above the invalidation level will violate the analysis. For risk management, please...
Looks like RUNE is forming a big, time-consuming diametric to achieve ATH! From where we entered "START" on the chart, we seem to have entered a bullish diametric pattern. The green area is a low-risk area for buy/long positions. We specified the targets of wave E on the chart. If an alt party occurs, RUNE can follow this path for the medium and long term When...
According to the structure of the waves, it seems that AXL is in wave D of a larger pattern. The green area is the place of buy/long positions and the red area is the place of sell/short positions. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Considering the recent rising wave, it is expected that the index will pass through the resistance range and influence above this range. In this case, the continuation of the upward trend will be more likely.